Bitcoin market participants are doubting the staying power of the ongoing BTC price relief bounce.
Bitcoin (BTC) pushed to $64,500 on May 4 as out-of-hours trading produced fresh BTC price gains.
Data from Cointelegraph Markets Pro and TradingView confirmed new local highs of $64,522 on Bitstamp — a new peak for May.
Strength which appeared on United States employment data gathered speed into the daily close, fueled by encouraging crypto market recovery signals including the first inflows for the Grayscale Bitcoin Trust (GBTC) in nearly three months.
